On average, listings lease in the $30's per square foot per year. The Biscayne Gardens region is experiencing a a boost in rates. In the last 3 months, the median rate went up $30 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Gold Coast market, the Biscayne Gardens region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 9 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,510 sqft. Most buildings in this market are close to 4 stories. Most buildings in this market were built in 1987 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Biscayne Gardens occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.